анонимный вопрос

Actually, modern China is not only the People’s Republic of China, but also the Republic of China, as well as Macau, Hong Kong, and to a considerable extent, Singapore. And specifically in terms of citizen welfare, the People’s Republic of China fares worse than all the other states I mentioned, despite the fact that the starting conditions for economic development in the PRC, the Republic of China, and Singapore were roughly the same.

Therefore, from a libertarian perspective, one must explain China’s failure rather than its success. Yes, of course, Deng Xiaoping proved better for the PRC than Mao Zedong. But the residents of the Republic of China achieved far more significant success without any world-famous reformers. What is the role of state regulation here? As is easy to see, it is negative.

In reality, of course, there is a degree of cunning here; it is much harder for a large continental country to escape poverty and socialism than for a small maritime one. But any city on the coast of mainland China could today live no worse than Hong Kong or at least the Republic of China, and if that is not the case, the responsibility lies solely with the leadership of the PRC. The guiding and directing role of the Communist Party is too great, the share of the state sector in the economy is too high, and too many resources are spent not on what people are willing to buy, but on the construction of the Great Firewall and the social credit system.